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Investment in Fixed Deposit

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Rajkumar Maheshwari

Rajkumar Maheshwari (Querist)
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13 March 2008 is investment in fixed deposit is eligible for deduction u/s 80 C in income tax or any other section.

Jitender Garg

Jitender Garg (Expert)
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13 March 2008 Amount deposited in a fixed deposit for 5 years or more with a scheduled bank in accordance with scheme framed by Central govt. (in multiples of Rs.100) eligible u/s 80C

CA Praveen Chopra

CA Praveen Chopra (Expert)
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13 March 2008 Mr.Jitendra is absolutely is correct

CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)
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13 March 2008 80C

CA J M Pattanayak

CA J M Pattanayak (Expert)
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15 March 2008 Only specified investments in FD which is in a lock in period of 5years and approved can be considered for relief U/S 80C.

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